Les dernières publications
The 10-years French Bond was on November 14th at -0.02%. During the whole summer, it had fluctuated between -0.30% and -0.05%. Since the beginning of November, it is oscillating around 0%. The State is taking a double profit of this situation: it freely indebts itself and it reimburses its debts more easily. Until summer, most of economists were expecting an interest rates rebound. That eventuality was put forward by public leaders to worry and make unpopular measures being accepted. The 10-years rate forecasted for the end of 2019 which was inscribed in the finance law published ...
In a few days will be celebrated the 30th anniversary of the Berlin Wall fall, on November 9th. The East-German regime was already weakened by the weekly demonstrations in Leipzig. During summer, Austria had opened its border to allow those who wanted to migrate to West Germany to go there. The spectacle of the prosperity of their neighbors they see at the TV every evening was revealing, more than any political speech, the communism failure. The fall of this symbol which was cutting in two parts the historic German capital was unavoidable as the reunification which followed it. Nevertheless, it ...
The publications of a little reduction of the number of jobseekers during the 3rd quarter, from 3.49 million to 3.36 million and of the 1st growth estimation during the same period of time, i.e. 0.3%, as during the last two previous ones, have not surprised but have been accompanied with rather accommodating comments. These figures are consistent with the stagnation of both household consumption and industrial production in September. Enterprises are still investing in taking advantage of very low interest rates but it is still to be proved that they are productive investments and not ...
A persistent very low inflation rate is worrying. It is a paradox because during decades, governments have taken up a price stability target and central banks had as a mission to act to reach it. We still had, in Europe, the remembrance of the consequences of the German crisis in the Twenties which has not been without relation with the Nazism rise. Today, we are in the opposite situation. Central banks have interpreted their mandate in the opposite direction from what was foreseen at the origin. Instead of adopting monetary policies having as an objective to reduce prices increase to ...
Le nouvel Etat-stratège
Le dernier livre d'Alain Boublil, le nouvel Etat-statège (Editions de l'Archipel) est paru le 5 février 2014.
Le livre apporte les réponses de son auteur à la question qui est, en France, au centre de tous les débats politiques: "Que peut-on attendre de l'Etat aujourd'hui ? " Et il formule plusieurs suggestions sur l'exercice du pouvoir tirées de son expérience passée auprès de François Mitterrand. Observateur de l'économie mondiale comme conseil des nombreuses grandes entreprises qui ont fait appel à lui, il trace un portrait de la France d'aujourd'hui bien moins pessimiste que ce que l'on entend parfois, à condition que chacun fasse preuve de lucidité sur ses propres comportements.
Les exigences ont certes été exacerbées par la crise. Mais y faire face est de plus en plus difficile car l'écart s'est creusé entre les attentes de chacun et la réduction des marges de manoeuvres publiques du fait des règles internationales, de l'endettement et des contraintes environnementales.
En dix chapitres, Alain Boublil dresse un bilan sans complaisances, prend la mesure des possibilités et des limites de l'Etat et il ouvre des voies nouvelles pour l'action publique. Il évoque le sauvetage de l'euro, le fardeau de la dette et le ras-le-bol fiscal, l'Etat-patron de Colbert à Jean-Marie Messier, le retour du complexe vis-à-vis de l'Allemagne et les nouveaux outils de l'Etat-stratège dans la mondialisation face aux défis industriels, aux enjeux de la transition énergétique, à la "dictature du CO2" et à la révolution du gaz de schiste. Et il met en garde contre les dérives de l'Etat-spectacle, qui gènent l'efficacité de l'action publique et les facilités de l'Etat-guichet qui débouchent sur le clientélisme.
La Publication la plus lue
The 10-years French Bond was on November 14th at -0.02%. During the whole summer, it had fluctuated between -0.30% and -0.05%. Since the beginning of November, it is oscillating around 0%. The State is taking a double profit of this situation: it freely indebts itself and it reimburses its debts more easily. Until summer, most of ...